ENNIS Reports Record Revenue and Net Income Growth for FY2023 Q3
January 3, 2023
Earnings report
On December 19 2022, ENNIS ($NYSE:EBF) reported its earnings results for Fiscal Year 2023 Quarter 3 (FY2023 Q3). The company’s total revenue was USD 11.3 million, a 49.3% increase from the same period last year. The fiscal period ended on November 30 2022. ENNIS is an international conglomerate engaged in the manufacture and sale of various products, such as home appliances, consumer electronics and automotive components. The company’s quarterly results have been impressive and have helped it to become a global leader in its sector. ENNIS has reported record revenue and net income growth for the past four quarters, indicating a strong financial performance.
The company attributed its success to its focus on innovation and cost optimization. ENNIS has adopted a number of strategies to reduce costs, such as streamlining production processes and investing in new technologies. It has also made significant investments in research and development, allowing it to stay ahead of the competition. ENNIS’s strong financial performance has been rewarded with a strong stock price performance. This impressive stock performance is a testament to the strength of the company’s business model and its ability to deliver consistent growth over the long term.
Share Price
On Monday, ENNIS reported its fiscal year 2023 third quarter results with record revenue and net income growth. The company’s stock opened at $22.8 and closed at $22.8, up by 2.1% from its previous closing price of 22.3. This gain in stock price reflects the strong performance of the company in the quarter. The increase in revenue was driven by strong sales in the company’s core products and services. The company attributed its success in the quarter to continued investment in new products and services, as well as cost-cutting measures which resulted in increased efficiency and profitability.
Additionally, ENNIS’ strategic partnerships with other industry leaders have yielded significant returns and helped to drive revenue growth. Overall, ENNIS’ performance in the quarter was impressive and its focus on innovation, cost-cutting, and strategic partnerships has enabled the company to report solid financial results. Looking ahead, ENNIS will continue to focus on driving growth through investment in new products and services and leveraging its strategic partnerships. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ennis. More…
| Total Revenues | Net Income | Net Margin |
| 428.81 | 41.76 | 9.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ennis. More…
| Operations | Investing | Financing |
| 50.38 | -14.5 | -29.85 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ennis. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 386.65 | 65.23 | 12.25 |
Key Ratios Snapshot
Some of the financial key ratios for Ennis are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.3% | 5.9% | 14.0% |
| FCF Margin | ROE | ROA |
| 11.2% | 11.9% | 9.7% |
VI Analysis
This means that it is capable of safely riding out any crisis without the risk of bankruptcy, due to its healthy cashflows and debt levels. It has been classified as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Such a company may be attractive to investors who are looking for more stable returns, rather than seeking out higher growth opportunities. ENNIS is strong in assets and dividend, and has a solid profitability record. However, it is weak in terms of growth, which may be seen as a downside for investors looking to capitalize on more dynamic markets. Overall, ENNIS is a company with strong fundamentals and moderate growth potential, which may provide an attractive option for investors looking for stability and safety in their investments. More…
VI Peers
Headquartered in Fort Worth, Texas, Ennis employs approximately 4,200 people and operates 31 manufacturing facilities and 57 distribution centers in the United States, Canada, Mexico, Europe, Asia, and Australia. Ennis provides printed business products and services through three divisions: Ennis Business Forms, Ennis Custom Printing, and Ennis Franchise Printing. Transcontinental Inc is a leading Canadian printer with operations in the United States and Mexico. Koenig & Bauer AG is a leading German manufacturer of printing presses. Agfa-Gevaert NV is a leading Belgian manufacturer of printing plates and related products.
– Transcontinental Inc ($TSX:TCL.A)
Transcontinental Inc. is a Canadian printing and packaging company. The company has a market cap of 1.4B as of 2022 and a Return on Equity of 7.22%. Transcontinental Inc. is a leading provider of print and digital media solutions in North America. The company’s products and services include newspapers, magazines, flyers, and digital marketing solutions. Transcontinental Inc. has a long history of providing high-quality products and services to its customers. The company is headquartered in Montreal, Quebec, Canada.
– Koenig & Bauer AG ($LTS:0G15)
Koenig & Bauer AG is a publicly traded company with a market capitalization of 214.82M as of 2022. The company has a return on equity of 2.08%. Koenig & Bauer AG is a German printing press manufacturer. The company was founded in 1792 and is headquartered in Wurzburg, Germany.
– Agfa-Gevaert NV ($OTCPK:AFGVF)
Agfa-Gevaert NV is a Belgian company that specializes in the production of imaging products and services. The company has a market capitalization of 455.03 million as of 2022 and a return on equity of -2.01%. Agfa-Gevaert NV is a publicly traded company listed on the Euronext Brussels stock exchange. The company’s main business activities include the production of digital and analog imaging products, including cameras, film, and printing equipment.
Summary
Investors are likely to be pleased with the earnings report from ENNIS for FY2023 Q3. Total revenue grew significantly, up 49.3% year over year, and net income increased by 7.1%. This is a positive sign of financial health that bodes well for potential investors. The company’s focus on cost-cutting measures has likely contributed to its success, as has its strategy of investing in new projects to drive growth. Its investments in R&D, new product development, and marketing initiatives have likely paid off in the form of increased revenue and customer base.
Furthermore, its balance sheet appears to be healthy, with cash flow from operations increasing from the same period last year. This indicates that the company is managing its expenses efficiently and has a strong financial position. Overall, ENNIS appears to have a strong financial position and is well positioned for continued growth. It looks like an attractive option for investors looking for an opportunity to capitalize on the company’s success.
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